After a few months of random videos BioWare's newest IP was finally announced at GamesCom:

Quote:

From the storytelling experts at BioWare comes Shadow Realms™, a new 4v1 story-driven Online Action RPG with dynamic co-op missions in a constantly evolving BioWare world. Join an ongoing adventure with new episodes released frequently. Experience the thrill of making your own choices as to the path you take through the story, uncovering new mysteries and revealing hidden twists unexpectedly as you progress. Fight as a modern-day Hero who suddenly awakens with magical powers and is pulled into a dark realm and centuries old battle. Team up with three other Heroes in adventures facing off against a fantastic array of demonic bosses and supernatural creatures in a raging war against the Shadow Legions to save all of humanity. Summon all your powers as you prepare to battle a player-controlled Shadowlord, who possesses the ultimate weapon – the human mind.

The power is yours. You’ve been chosen.

Key Features

EXPERIENCE EPISODIC STORYTELLING

Enjoy the excitement of a constantly evolving story as new cliff-hanger episodes are released regularly with intriguing characters and impactful choices, letting you and your friends speculate on what comes next, much like your favorite TV series.

DISCOVER A NEW MODERN FANTASY WORLD

From the dark alleys of Paris to the gothic towers of Embra, adventure through an immersive new BioWare world where machine gun wizards and bomb squad clerics rule the day.

FIGHT DYNAMIC CO-OP 4v1 MISSIONS

Team up with three other Heroes in story-driven adventures packed with fast-paced tactical combat against a player-driven Shadowlord who controls creatures, sets traps and changes the environment itself, making the adventure and the battle different every time.

DEEP COMBAT CUSTOMIZATION

Deep character and combat customization options offer you the ability to build and progress as a powerful Hero and Shadowlord uniquely suited to your play-style and one that sets you apart from the crowd. Earn and choose from a broad set of abilities that you can mix regardless of class offering a very deep and diverse set of options.

You’ve got choices and the freedom to play your way. The power is yours.

I'm a bit skeptical to be honest. "Online Action RPG"? That sounds like something EA can try to microtransaction to death. And I can understand Telltale games using an episodic structure, but this smells a bit like a cash grab.